Paragon Residential Solutionscorporation

Analysis

Paragon Residential Solutionscorporation is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Paragon Residential Solutionscorporation reported income of $122k and spending of $94k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $244k to $122k (-50%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 66%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paragon Residential Solutionscorporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Humphreys Homeless Coalition ($122k), Colorado Homeownership Coalition ($122k) and Readstown Housing for the Elderly in ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 6.6% of the total. Other salaries and wages came to $8,763. At year end it held assets of $294k against liabilities of $5,319, net assets of $288k.